Punjab based tractor manufacturing company Sonalika Group has launched their micro electric car in the European market. The company’s total share is 13.6% in the Indian market. This is the number one tractor exporter from India, and the export market is around 34%.
The company officials understand that this is the right time to enter the European market. For environmental pollution, population increases, traffic problems and reduced parking lots, people in western countries are choosing microcar electric cars.
Sonalika has a strong knowledge of making an electric tractor. However, they collaborated with an international engineering firm on this product and captured the western Market.
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Raman Mittal, managing director of Sonalika group, has said, “This product (quadricycle) is being developed at a good pace. In the western Market microcar sales are growing day by day. This is the right to enter the Indian market.” He did say it’s available in the Indian market. But it is expected that it may launch in the European market in the next 20 to 24 months.
In Europe, the company kept this micro name L7E (heavy quadricycles) and L6E (light quadricycles). Dutch people know it as a microcar.
The company is planning to manufacture this car in India. It is a brand new Sonalika group plant which was specially set up for export. It was situated in Hoshiarpur, Punjab. The Quadricycle will manufacture here and then export to the European market.
